Real estate blog entries tagged with mortgage insurance by Jason Schweiger (Network Funding LP)

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Home : Blogs : Jason Schweiger : Issaquah, Bellevue, Redmond, Kent, Covington, Auburn, South King County Real Estate - Active Rain : Tag "mortgage insurance"

mortgage insurance: FHA upfront and annual mortgage insurance increasing again for home loans! - 03/16/12 10:23 AM

FHA has increased their upfront and annual mortgage insurance premiums again. It is getting very expensive for an FHA loan. If you can qualify for a conventional loan, the costs are much better. There is no upfront MI and much lower annual (paid monthly in mortgage payment) MI.
Changes will be effective on April 9, 2012.
The charts below illustrate the 10 basis points (bps) increase in the Annual Mortgage Insurance Premiums (loan amounts under $625,000) and a 75 basis points (bps) increase to the Upfront Mortgage Insurance Premium (UFMIP). It is anticipated that these marginal increases are affordable for nearly … (0 comments)

mortgage insurance: FHA Annual Mortgage Insurance premium increasing April 18. Get your case number now. - 04/13/11 08:14 PM

FHA Annual Mortgage Insurance Premium Increase

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mortgage insurance: The laws about mortgage insurance. Lenders will be sure to add it back in. - 10/14/07 12:14 PM

Lenders had previously developed many programs that did not include mortgage insurance on loans greater than 80% LTV. I think that is about to change. Lenders have been losing money on defaulted loans and they will take that risk out of their loans. Here is the latest law regarding mortgage insurance.
Mortgage Insurance Law
When putting less than 20 percent down on a home mortgage, lenders often require you to have Private Mortgage Insurance (PMI). PMI protects the lender if you default on the loan. The Homeowners Protection Act of 1998 establishes rules for automatic termination and borrower cancellation of PMI on home … (4 comments)

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Jason Schweiger

Auburn, WA

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Network Funding LP

Address: Auburn, WA, 98001

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Puget Sound Mortgage Broker working hard for my clients in the entire Puget Sound region including Issaquah, Bellevue, Seattle, Redmond, Kent, Auburn, Maple Valley, Covington, Renton and more.

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